90803 Market Update: June 2016

June 2016 Real Estate Market Update for the 90803 Area of Long Beach

The 90803 market update includes the neighborhoods of Belmont Shore, Belmont Park, Belmont Heights, Naples, the Peninsula, Bluff Park, Bluff Heights, Spinnaker Bay and Spinnaker Cove, University Park Estate, and Bixby Village

While May brought peak home prices for much of Long Beach, in 90803, the median May 2016 home price of $915,450 was 20.4% lower than it was last May.

The median sale price of single family homes in 90803 has fluctuated greatly in recent years. At $915,450 in May 2016, the median price has actually dropped 20.4% from a year ago in May. Fluctuations in price are not unusual in 90803 and home prices in the area are still substantially higher than for Long Beach overall. As of May 2016, the median home price in Long Beach was $565,000.

There were 78 active listings in May 2016. Though 90803 has experienced a lot of fluctuation in the number of active listings, the number is up 13% from May 2015 and up slightly from April 2016.

Though inventory in Long Beach is very low, the supply of homes for sale in 90803 is fairly balanced. There was a 4.3 month supply of homes on the market in May 2016, which reflects a 10.3% increase from the year prior in May. Since February 2016, inventory has climbed in 90803.

Condominiums in 90803

Condominium prices in Long Beach have fluctuated a lot in recent years. In May 2016, the median price of condos in Long Beach was $452,450, which is up 5% from the year prior in May.

Active listings have been increasing since March 2016 in 90803. There were 38 active listings in May 2016, which is an 8.6% increase from the year prior in May.

Condominium inventory in Long Beach is lower than the supply of single family homes. In May 2016 there was a 2.9 month supply of condos. Compared to a year ago in May, inventory has not changed. However, in March 2016 there was just a 1.8 month supply, which is extremely low.

Recently Sold Homes and Homes in Escrow in 90803

New Listing - 3 weeks online
$3,995,000
Single Family Home For Sale
Active Under Contract
3
BED
3
TOTAL BATHS
1,850
SQFT
35 Vista Del Golfo
Long Beach, CA 90803
Naples (NA) Subdivision
$3,750,000
Single Family Home For Sale
Active Under Contract
5
BED
3
TOTAL BATHS
2,730
SQFT
5454 E Ocean Boulevard
Long Beach, CA 90803
Belmont Shore (BSD) Subdivision
$3,495,000
Single Family Home For Sale
Active Under Contract
6
BED
4
TOTAL BATHS
6,627
SQFT
274 Argonne Avenue
Long Beach, CA 90803
Belmont Heights (BH) Subdivision
$2,799,900
Single Family Home For Sale
Active Under Contract
5
BED
4
TOTAL BATHS
3,660
SQFT
2749 E Ocean Boulevard
Long Beach, CA 90803
Bluff Park (BLF) Subdivision
New Listing - a week online
$2,295,000
Single Family Home For Sale
Active Under Contract
3
BED
3
TOTAL BATHS
2,184
SQFT
9 Rivo Alto Canal
Long Beach, CA 90803
Naples (NA) Subdivision
$1,895,000
Single Family Home For Sale
Active Under Contract
3
BED
2
TOTAL BATHS
1,881
SQFT
335 Bay Shore Avenue
Long Beach, CA 90803
Belmont Shore (BSD) Subdivision
$1,849,000
Single Family Home For Sale
Active Under Contract
5
BED
4
TOTAL BATHS
3,302
SQFT
221 Attica Drive
Long Beach, CA 90803
Naples (NA) Subdivision
$1,799,000
Multi-Family For Sale
Active Under Contract
4
BED
4
TOTAL BATHS
2,699
SQFT
17 61st Place
Long Beach, CA 90803
Peninsula (PI) Subdivision
$1,625,000
ResidentialIncome For Sale
Active Under Contract
0.1243
ACRES
LOS ANGELES
COUNTY
211 Euclid Avenue
Long Beach, CA 90803
Belmont Heights (BH) Subdivision
New Listing - 4 weeks online
$1,600,000
Multi-Family For Sale
Active Under Contract
0.1085
ACRES
LOS ANGELES
COUNTY
26 Bennett Avenue
Long Beach, CA 90803
Belmont Shore (BSD) Subdivision
New Listing - 2 weeks online
$1,549,000
Single Family Home For Sale
Active Under Contract
5
BED
3
TOTAL BATHS
2,500
SQFT
5360 E Appian Way
Long Beach, CA 90803
Belmont Park (BP) Subdivision
New Listing - 3 weeks online
$1,378,000
Single Family Home For Sale
Active Under Contract
3
BED
3
TOTAL BATHS
1,974
SQFT
69 Santa Ana Avenue
Long Beach, CA 90803
Belmont Shore (BSD) Subdivision
$1,347,000
Single Family Home For Sale
Active Under Contract
4
BED
3
TOTAL BATHS
2,843
SQFT
249 Tivoli Drive
Long Beach, CA 90803
Belmont Shore (BSD) Subdivision
Price Change - 3 weeks ago
$1,199,000
Single Family Home For Sale
Active Under Contract
3
BED
2
TOTAL BATHS
1,482
SQFT
265 Attica Drive
Long Beach, CA 90803
Naples (NA) Subdivision
New Listing - 3 weeks online
$1,198,000
Single Family Home For Sale
Active Under Contract
4
BED
3
TOTAL BATHS
2,149
SQFT
6312 E Vermont Street
Long Beach, CA 90803
Other (OTHR) Subdivision
New Listing - 2 weeks online
$1,100,000
Condo For Sale
Active Under Contract
3
BED
3
TOTAL BATHS
1,913
SQFT
3309 E Ocean Boulevard #3
Long Beach, CA 90803
Bluff Park (BLF) Subdivision
$975,000
Multi-Family For Sale
Active Under Contract
0.0827
ACRES
LOS ANGELES
COUNTY
5813 E 2nd Street
Long Beach, CA 90803
Naples (NA) Subdivision
$949,900
ResidentialIncome For Sale
Active Under Contract
0.07
ACRES
LOS ANGELES
COUNTY
208 Nieto Avenue
Long Beach, CA 90803
Belmont Shore - BSD Subdivision
$939,900
Single Family Home For Sale
Active Under Contract
3
BED
2
TOTAL BATHS
1,566
SQFT
6301 E Vermont Street
Long Beach, CA 90803
Other (OTHR) Subdivision
$899,000
Single Family Home For Sale
Active Under Contract
2
BED
1
TOTAL BATHS
1,027
SQFT
144 N Loreta Walk
Long Beach, CA 90803
Naples (NA) Subdivision

Bottom Line

The real estate market in 90803 is hot right now! Whether you’re looking to buy or sell, now is a great time. If you’re thinking about putting your condo on the market, now is an especially good time as inventory is fairly low. If you’re thinking about buying or selling, give us a call or fill out the form below and we’d be happy to help!

 

About the Author

Shannon Jones has been selling real estate since 1998 and specializes in listing and marketing homes. She has consistently been one of the top Realtors in the Long Beach area. Prior to her award-winning career in real estate with the Shannon jones Team, Shannon has had successful careers in journalism and public relations. She holds a bachelors degree from UC Irvine and a masters degree from UC Berkeley. Shannon holds E-Pro, CDPE (Certified Distressed Property Expert), and PSC (Pre-Foreclosure Specialist) certifications. Shannon is very personable and maintains a very strong moral compass, always putting the best interest of home buyers/sellers above monetary goals. A California native, Shannon enjoys gardening, travel, reading, cooking and poker when she’s not selling homes MY DESIGNATIONS Lic# 01247705 | CDPE (Certified Distressed Property Expert) | E-Pro | PSC (Pre-Foreclosure Specialist) MY SERVICE AREAS Anaheim Bellflower Buena Park Carson Cerritos Cypress Downey Fountain Valley Garden Grove Huntington Beach La Palma Lakewood Long Beach Los Alamitos Los Angeles County Norwalk Orange County Rossmoor San Pedro Seal Beach Signal Hill South Bay Westminster

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